Friday, August 17, 2007

3 Leg Combo All in One Night

My SWING Chart above...

My TREND Chart above...

From the TREND Chart chart shown, you can see that the PRICE action last night resulted in the ES having 3 Legs of Bear Break all created in one session. With this, it marks the end of the downmove, and now PRICE is heading back to challenge last PRIME Resistance at 1510.25 (look at the SWING Chart. PRICE is still in a Bear TREND, but is now heading back up to challenge last PRIME Resistance at 1510.25). With the PRIME PPF of Support shown on the TREND Chart, PRICE has now failed in the direction it is heading, and is now reversing its direction to challenge Resistance. PRICE will now continue to head towards Resistance, until it fails.

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